Remove north-carolina-property-taxes
article thumbnail

Functional Obsolescence for Appraisers

Appraisal Today

Understanding Functional Obsolescence in Appraisals By: McKissock Excerpts: For appraisers, functional obsolescence can be a challenging concept because the elements that influence property values may not be obvious or immediately apparent. As of December 19, he had 42,000 views on his blog post. 4,000 sq.ft.

article thumbnail

Appraiser Liability Risks

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. Private Island for $22M in North Carolina Excerpts: Just 30 minutes from uptown Charlotte, Merancas Island is accessed by causeway.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

First Time Home Buyer Guide Raleigh, NC

Raleigh Realty

In our local market of Raleigh, North Carolina we have some amazing first time home buyer programs. Mortgage Credit Certificate This is a national program (not Raleigh, NC based although it can be combined with the NC Home Advantage Mortgage) that allows first time home buyers up to $2,000 in tax savings per year.

Buyers 148
article thumbnail

Chat GPT For Fannie Form Appraisal Reports

Appraisal Today

Rewrite the following description of a house and property using brevity and professional language” “Summarize all of these property descriptions into one, easy-to-read format with a professional tone for a real estate appraisal report.” “I Some people think they can just start completing divorce, estate, or tax appraisals.

article thumbnail

Desktop Appraisals: Who, When, and Why

Appraisal Today

Desktop Appraisals: Who, When, and Why Excerpts: The ability to identify property characteristics without a personal inspection is not a new concept. Thus, it’s fair to say that identifying the physical characteristics of the subject property in a desktop appraisal is a similar process to verifying comparable sales.

article thumbnail

FHA: Cosmetic vs. MPR Repairs

Appraisal Today

Cosmetic vs. MPR Repairs: Guidance for FHA Appraisers By: McKissock Excerpts: If you are appraising a property that needs some cosmetic repairs but meets FHA minimum property requirements (MPR) in its current condition, you should make the appraisal “as-is.” billion tax fraud scheme. billion tax fraud scheme.

article thumbnail

JUST IN TIME: THE 15-MINUTE COMMUNITY

Will Springer Realtor

homeowners with mortgages (which account for roughly 62% of all properties) have seen their equity increase by 20% year over year, representing a collective equity gain of more than $1.9 of all mortgaged properties, were in negative equity. of all mortgaged properties, were in negative equity. million homes, or 3.4%

Buyers 36